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US-DOLLAR

AUD/USD high conviction opportunityOvernight we saw the Aussie take a a hammer blow. With below-forecast Australian Q4 GDP signalling that the country officially entered a “per capita” recession for the first time since 2006. The Aussie was originally pressured by Governor Lowes reiteration of his neutral stance whilst he also noted that is hard to see an RBA rate hike this year. This is what he actually said. "RBA has flexibility to adjust monetary policy in either direction, probabilities of a rate hike or cut are evenly balanced. He also stated it is hard to imagine a rate hike this year, and it is unlikely inflation will be a problem anytime soon. Lowe added that he is confident inflation will get back to the middle of 2-3% target range, Q3 and Q4 GDP likely to be significantly below trend."This coupled with the disappointed GDP caused AUD/USD to plummet before testing 0.7050 to the downside. Another hit was dealt after JP Morgan downgraded their RBA rate forecast to two 25bps rate cuts in July and August 2019, in-line with Nomura’s forecast. On the USD side of the equation we have the DXY initially easing from post-ISM highs wherein the index tested 97.000 to the upside and straddled around 2-week highs. The AUD weakness has spurred the USD on. I see the Aussie slipping throughout the day. Either looking to 70.50 - 60 on a pullback or a break and re-test of the lows.
Short
by FX_Trade_Plan
DROP IT LIKE ITS HOT ;PGet ready for another drop, you can see where price entered our zone and bounced... price has now re visited this again and now its kicking out time at the bar haha. We are expecting price to make further movement to the downside after price has had a little bullish run to recover from the drop that happened the other day, our overall outlook is bearish on this anyway as stocks are weakening and so is the economy. Jump on and thank us later... mine is a vodka and redbull ;p
SP:SPXShort
by ApexFX_Pro
5
Economy is in a bubble waiting to BURST... BOOMPrice is currently sitting at a very strong resistance that has been hit a number of times before, price also broke our trend line and price is also nearing an all time high, with the state of the US economy at the moment we can only see a bounce and downside movement. The US is in the most debt it has ever been, stock prices are weak, unemployment is on the rise, and homeless numbers are also on the rise all these correlate with the growing crime numbers.... If you can take positivity from all this then you are very optimistic... or just very stupid ;p The economy is in trouble the only way out is to print more money and circulate it into the economy which will weaken the USD even more and cause it to crash, its in a bubble that is going to burst.. so prepare yourself for the worst.
SP:SPXShort
by ApexFX_Pro
EUR/USD forecast Last week was positive for USD due to few main fundamental factors. First of all, positive negotiations between US and China. Also Fed chair Powell expressed optimistic view on US economy. And finally GDP data were better than expected. But there is a trick. Do you know most of these forecasts are done by banks? – Well, now you know it for sure. If you monitor forecasts, you should notice how sometimes they change a few times before data (like GDP last week). Nothing mysterious about it – banks make better conditions for their positions. EUR/USD was consolidating and reached the 1.14200 range as per my previous EUR/USD analysis. At the beginning of this week I think we will see more choppiness before impulsive wave will start. My swing targets are still the same – 1.12300, 1.11600, 1.11200. This weekend I got many questions from my followers about gold. Guys, the dollar will continue its uptrend. So, expect the bearish trend in Gold. However, don’t jump into shorts right now. After the big drop last Friday Gold needs a pullback. So, watch 1305 – 1320 range for short signal. Anyway, I always keep my trading signals subscribers updated about all changes. Good luck and good trading!
by UnknownUnicorn1156963
DXY / U.S Dollar - Weekly OutlookHello traders, today we take a look @ the DXY We are nearing an important Monthly S/R level in which we can expect the next trend to take place for the U.S Dollar. A rejection and we can expect the DXY to target the Bottom of our Monthly Range. We will be looking for Bearish Engulfings via our Lower TFs. A solid High TF close above 97.25 and we can expect the U.S Dollar to rally to new highs of 105.00~ and test our Monthly S/R level Twitter - Signals - Telegram
TVC:DXY
by TDSniper
USD CHF support on STEROIDS, Bears had to many beers.0.99058 is a key level of support, you can se where price hit this support level ( marked by purple arrows ) now I'm sure not all of you are stupid enough to need an explanation.... but there are still a few tap water drinkers about :p Price broke this level in august and made a big rally to the downside but this pairing couldn't keep price down and like someone who has had too many beers and a greasy kebab it ended up throwing it back up. Price broke this support level 2 weeks ago and tried using it as resistance which worked for a day until price broke and started using it as support again. We personally think that this level is too strong and must be respected as support, so we can see a further move to the upside, but we will also be prepared for the event that price does break and sinks in the way of setting an order. The key to success in the market is good risk management and out smarting the market by preparing for any outcome, setting orders enables you to do both of these.
Long
by Apex_Gregg
EUR USD is about to EXPLODE.... Call the bomb squad1.14106 area has been used as resistance ( purple arrows ) and more recently as support ( blue arrows ) which price is currently at, mix this with the trendline ( blue line ) that price has been respecting, we can see a descending triangle forming, This is price been squeezed and when this happens we normally see an explosive move to the upside. So either today or early tomorrow we should see a big move, so we will be placing some orders ready to catch this move to the upside if it happens, if it doesn't go to plan then we haven't lost anything, but if it does then we will be laughing all the way to the bank snacking on pips as we go :p
Long
by Apex_Gregg
Going Balls Deep13.46895 is a key resistance level that will be respected, and with the 2 added trendlines ( purple arrows are where price has previously touched and respected these lines ) we can see no other direction other than down with this pairing, so we are in a sell position at the moment but we have a tight SL just above our resistance level just incase resistance is broken. Sometimes with such a strong setup you have to say f#ck it and risk that tiny bit more.... Go BALLS DEEP ;p And yes we do expect you to take us for a drink if you take this trade haha.
Short
by Apex_Gregg
3
EUR/USD forecastNext week is important for USD, but at the same time it can be tricky. Due to the absence of economic reports recent weeks, it’s difficult to make forecasts on Non farm payrolls and Fed statement. So, all of you have to be careful and read these events between the lines. Technically EUR/USD is moving nicely as per my previous analysis. We are approaching re-short level. This time I will consider partial profit booking near 1.12900 (recent support). All swing targets are intact – 1.12000 and 1.11200. However, I can consider reviewing my forecast and targets based on Fed statement.
Short
by UnknownUnicorn1156963
1